a 52-week high in gmcr, or tesla, or first solar, that's one thing, because they have such a huge short interest. i want to be a buyer in this, but i want to be a buyer on a pullback, not buying the 52-week high. so i want to get in at around $45, $45.30. i'll have a stop under $41. so, hopefully does pull back on earnings a little bit, then i will jump in to the long side. - thank you, and have a great trading day. - thank you. that's it for today. coming up tomorrow, ivy league universities are selling positions in treasuries. what average investors can learn from that move. from all of us at first business, make it a good monday. >> announcer: the following is a paid presentation for hip hop abs brought to you by beachbody. pay close attention! don't miss your chance to save 75% off hip hop abs. if you're looking to shed the fat... >> in the first week, i lost 12 pounds. >> announcer: a way to flatten and sculpt your core... >> you're hitting every part of your abs. >> announcer: and finally get those tight, sexy, toned abs of your dreams.... then stop doing sit-ups. >> woman: say wh

tesla definitely fits that bill. on the other hand, i also always felt valuation matters. when i lost on valuation, i always lost. amazon, a superior product orld stock that has no business being above 100 or 50. steve jobs master of form and function sore he an incredible inrate issor that knows how to sell buzz and sell cars if 2013, while anile laizing -- annihilating the short sell. i can't teletell you to boy or short it either. it's the most dang ris short in years. buy the car t. stock, is even, i am doing something rare for cramerica, i'm punting. tesla is up to you. cold stocks can say cold for years. tesla is the ultimate in cars and the ultimate in cold stocks. stay with kramer. >>> 200 point stock correction, just some profit taking? but irs doug schulman did see the white house and student loans drive up tuition. kudlow next up. can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, . >>> all right. there is a lot of talk there was a gigantic rebalancing at the end of the day. all well and good, i got to tell you we are morphocussed good news is driving the market down and we are not gettin

maybe a smart car that syncs up all of your gadgets, or maybe just buy tesla or go into watches.im cook didn't seem jazzed about that. what about a personal assistant? or a housekeeper like rosie the robot on the jetsons. we want to hear what you think apple should make next. shoot us a tweet. also joining us with his take, you notice we say what should apple reveal next. what should they reveal to change the game again? >> to change the game? i think we could go into cars. we saw something that would allow you to use it to unlock your car. >> i don't think we will see an apple car. why isn't apple getting in on that game in the living room? >> it's a $99 box. why build a $2,000 tv? the reason remote control was invented is because people didn't want to stand up and change the channel. now we're talking about swiping your tv? >> let's go back to technology. i wear watches because you called me out for not wearing one. >> i gave mine to the arrested development guy on cnbc and he still has not given it back. >> to what degree would it have mass appeal? >> apple could perfect it. t

tesla. that will work. there are also super charging stations they're putting in different areas, working on corridor so you could -- i could drive from new york to boston, d.c., 45 minutes oralf the battery and tesla actually pays for the electricity for that. >> any idea why your experience and "the new york times" appear to have been so different? >> well, "the new york times" was looking at very, very specific thing about how far the range is and make no mistake, the range is a limitation. we are talking about how this car really performs and we do over 450 tests and this car really performs really impressively. >> you certainly did not hedge. it is a glowing review. jake, thanks so much for your time. >> you are welcome. >> talking the tesla model s. >> are you perpersuaded? >> i don't know. i think it might require a test drive. don't you? >> i don't have a license so probably not for me. >>> let's get a check on crude oil and the broader commodity trade. yes, it's commodities. natural gas we spoke about earlier in the hour. crude, 96. still relatively high given where we've been recently. a lot of that has to do obviously with what's happening in the middle east. gol

elon musk is for real, whether solar city or tesla. the stocks, they're out of their mind crazy. this driving experience. >> to be able to drive from l.a. to new york is big. the bearish case beyond just what the stock has done is that you can't go that far. i hear that a lot. some of the guys on our show say that as they try and lay out the bear thesis. >> these people who just go back and forth, back and forth, they love the darn thing. it is only a matter of time before bmw comes in and does their own super tess. whatever they can do. this is a phenomenon in the smasht. stock market. i happen to speak to a lot of kids about what stocks they play in the stock games. parents wish they were playing with the kids. the kids are playing tesla, parents are buying clorox. >> do you have a heavy foot? >> lock your doors. you don't want to be within a 90-mile radius of summit, new jersey. just be careful. does the aaa not have one of these? i'm a aaa member. >> they may be on full alert this evening, extra staff called in. >> you bet. i get an extension cord, i may take it all the way t

it's the short squeeze, not the engine, the sleek design or the numbers driving tesla higher.ike fundamentals. until more real supply can be found, get used to the craziness. this is the way things work and will always work in a crowded short gone wrong. jason in washington. jason. yo yo, jason. >> caller: b-b-b- boo-yah, mr. cramer. >> sweet. what's going on? >> caller: west port. what's your take on that? we have a bunch of shares, and one day i hear good news, the other day i hear bad news. >> isn't that it? isn't that the problem? it's a good news/bad news situation. i have a lot of stocks that are nothing but good news. there is hair on west port, i know about these follow i cannily-challenged stocks. this one has too much of it, and i like it as a spec, but nothing more than that. yeah, tesla is driving me crazy. the cars are beautiful. the engines are silent. are they powerful? who knows. what matters, it's a shorts versus long battle. the shorts won today, but i sense longs will be back tomorrow. don't move. "lightning round" is next. humans. even when we cross our "ts

jeff flock is live at a tesla star in skokie illinois with more. are they flying off the shelves or the floor or however they're nailed down? >> i have never been, melissa, to a car dealership, it is not really a dealership where you can't buy a car. they don't let you buy a car here. you can't just walk in and hey i want to test drive it. you have to schedule it in advance of course if you're us and you can walk in and get a test drive. this is the model s. this is a wonderful car, i will say. motor trend says it has got to be the best car they have ever tested. that is pretty amazing. you wonder, can this stock continue? i want to make sure i put it in park here because i would hate to wreck this thing. look at sales, q1 of this car compared to its

tesla reports profits or losses after the closing bell today. now, tesla aside, green energy has not turned out to be the savior that silicon valley had hoped for. electric cars in particular. cars that were supposed to be built in benicia, coda, recently filed for bankruptcy and fisker on the verge of doing so. "the new york times" points out when you measure the fisker deba debacle in private money lost it's worse than solyndra, losing about $800 million in private money, fisker losing $1 billion. the house committee has been highly critical of solyndra as well. one wind project which cost a billion and now employs 35 people. >>> finally, good news for yahoo! this morning. chinese partner, alibaba says it doubled profits. yahoo! owns about a quarter of alibaba. it's actually bigger than facebook. jack ma started the company in a coffee house. alibaba is so valuable, it makes yahoo!'s investment in yahoo! irrelevant. marissa mayer can ban working from home, buy some companies, looking at hulu. none of that matters as much as the fact that it own

we'll take a look at the numbers behind tesla and whether or not this stock can go any higher in just a little bit. >> we're going to take a look at the real estate site, zillow. profitability would be hurt as it increases its advertising. down 9 2/3%. we're back in two. farmers presents: 15 seconds of smart. so you want to save on auto insurance? drive a hybrid. get good grades. lose the bling. go paperless. combine policies. make automatic payments. and of course, talk to farmers. hi ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ >> forecasting significant growth in demand for data. two names he says, level 3 will be a con sol day tore. and twtc you can see that is up 4%. sue, on that one. >> thanks a million. appreciate it. >> toyota is driving forward in today's trading session. that improvement is due to cost cuts, sales, and a weaker japanese yen. electric car maker tesla reporting numbers after the bell today. the company already announcing that it expects to turn a profit but investors want to know if it's keeping costs down. >> take a look at those charts again. when

tesla is called an obama green success story but the story is what few cars have been sold has been heavily subsidized. at least in this case by fis car ora, it will be investors on the hook not taxpayers, the way it should be. >> i can see kim going out to get your tesla model s. if you have your own hit or miss send it to us at je jer @foxnews.com and fol us on twitter. that's it for this week's show. thanks to my panel and all of you for watching. i'm paul gigot. we hope to see you right here next week. >>> in the headlines this week, big news. the department of justice spying on more journalists and this time it's personal. fox news is the target. a respected reporter in our ranks labeled a co-conspirator for doing his job. media react as did our fox news chief who warns, we will not allow a climate of press intimidation. >> i have not done anything wrong. >> a key player in the irs scandal is shown the door, put on leave for her role in targeting conservatives. but some in the press try to spin the story, ignoring the scandal and wrongdoing. >> i never heard you say, i'm sorry. >> i don't think i used those two words. >> the jodi ar

are we underestimating tesla is just a car company, or does it have technology that it may be able toright, that make -- herb's groaning over here -- to become almost like an intellectual property company that also just happens to make cars on the side? >> think about this, brian. just a few minutes ago, elon musk talking about the expansion of the supercharger network. eventually, these supercharging stations, which will be solar powered, and remember, solar city is his other company, but if you take a look at these solar-powered supercharging stations, they will have banks where they can store electricity and that even if there is a national blackout, they won't be affected. they can still provide power. think about that. >> and i believe elon musk, who, by the way, is on "squawk on the street" tomorrow morning, guys, i believe he's taking his family across the nation, using that super-charging network later on this year. maybe you will too if you get your hands on one of those teslas you've been drooling over. phil lebeau, thank you very much. elon musk, tomorrow morning, "squawk o

tesla, absolutely on fire. what do you think. do you feel good about him orrvous. >> elon hasn't had a failure since he was 12 and wrote a% software game and sold it for 500 bucks. hard to see a pattern of failure or any risk but at the same time he is a little crazy. there is really no question about it. think he keep him quiet on some issues. it slips out and in these interviews, you're like, wow, this guy is really from another planet. melissa: yeah. >> first of all not talking a billion years, talking about our lifetime moving to mars, somehow that will ever work out with fuel problems and how far that is and who will go when the meteor will hit. a lot of dot-com billionaires like sci-fi stuff. melissa: yes. >> he was married to a fantasy writer at some point of they have billions of dollars so they can literally put these things into action and start space companies and things. for example -- melissa: i think she is novelist. writes romantic novel develops but go ahead. >> also believes in something called hyper living. i think this is fake thing on inte

i mean, are we talking about tesla here or what? month of may alone, and now, like a god, and involved with solar city. now, solar city is running and we saw tesla with the first quarterly profit ever and that obviously is one of the many reasons we're seeing tesla on the run. near perfect score from consumer reports and the model x and here you go. now you've got 96 for tesla. stuart: you can't help compare until april, it goes straight up, it will it doesn't. the dow is opening up dead flat. and david is still with us, previously on this program, you said the stocks were cheap. okay? the dow is at 15,000, and tesla is going through the roof and are stocks still cheap? >> as long as the federal reserve keeps interest rates slow low, low, low, low, stocks go higher, assets go higher, real estate goes higher, asset classes have an interest rate near zero. >> a lot of economists we're seeing is raising the forecast for the growth of the economy. you're on board with that? >> i'm on board with the slow and gradually accelerating brat r

the bill leaves tesla with two options, stay out of the state entirely or go through an auto dealer like all other automakers have to. north carolina isn't the only state trying to restrict tesla. dealers in new york and massachusetts have gone to court to try and block the bay area company from opening showrooms in their states. >>> thousands of people at the mosconi for the annual google gathering. >> a lot of news out of google io. >> that stands for input output. that's all you need to know about that. you what need to know here, the big developer's conference, tickets for which went on sale, took a couple of days to sell out. they cost hundreds of dollars, sold out almost immediately. here you see the big keynote speech actually handled by a number of google bigwigs and engineers, including a record number of women presenters. we'll be seeing a lot of news about subscription music, google area maps, the area in san francisco will be filled with people wearing google glass. there are 2,000 pair of google glass out there that have been manufactured. all assume all of them will be in o

nevertheless, i figure the shorts can battle tesla on the merits and still lose because of the tightness of supply, which is why i refuse to say whether i like it or not. the next generation likes tesla, the car. that generation is playing a stock game now and will soon be buying cars later and playing the stock game for real. maybe that's all tesla's long-term holders need to know. stick with cramer. . >>> apple ceo tim cook wants corporate tax reform and he is right. meanwhile, everybody in the white house knew about the irs except president obama. and stock margins remain wide next up on "kudlow." . >>> all right. remember, tuesdays you do 19 straight? i don't know. it's always more. i promise just when you are on "mad money." i'm jim cramer. i will see you tomorrow! >>> we have breaking news to start with tonight and it is devastating. a massive tornado has created a widespread disaster in the oklahoma city area. the biggest drama is what you are seeing right now, a school in moore, oklahoma, rescue crews are looking for survivors. we alts have reports of terrified parents rushing to the scene of that destroyed school. here's cnbc's bertha coo

someone is coming or going, maybe enjoying their vacation. 4:44. tesla motors is leaving menlo park. the electric car retailer says lit close its menlo park store this summer. the land the store currently sits on is owned by stanford university t. university has asked tenants to leave so it can drop the property. tesla says it's opening a new store in burlingame that will coincide with the closing of its menlo park shop. >> nearly 1800 movies are no longer available on netflix. the los gatos pulling the films because of expiring contracts. netflix says don't worry too much, most of the movies expiring are old features and new ones have been added to the site. a company spokesperson points out about 500 new titles will be added today. >> it is 4:45, yahoo! ceo making it in. we know how much marissa myers is getting paid for her short time with the sunnyvale company. paypal could soon be accepting non-existent money. kaila tao she with details on that. >> good morning. we'll start with the futures and leave you hanging for the rest of the stuff. futures ar

a pop in tesla motors. drop or pop? josh? >> this is just a funeral pire for the shorts recently. ooling off a little bit. and i think what you really have to think about with tesla is the type of shareholders that are in this. they are not as concerned about discounted cash flow analysis for the next 12 months as the analysts are. so you've got that mismatch. i think what ends up happening here is they stick around. they endure the bumps. the guidance here on some of the kind of things that the company's going to have to give back, some of the things they've promised to buyers of cars, that's really what will be focused on today. but the longer term picture is way more excited. >> a drop of 9% in first solar. simon. >> yeah, someone was talking about that yesterday. you know, it disappointed a little bit on earnings. it created some fodder for the bulls and bears. on the bulls side, they reiterated guidance for 2013. on the negative side, they didn't say there was going to be a new becomeend. clearly the market doesn't like it, down 9%. >> a on pop in directv, up 6%. mike. >> dire

tesla got $68 million or 12% of its revenue from california zero emissn tax credits in the last quaerso that big profit that they made, a lot o it came from trading these tax credits. that is one-time thing and that's a huge percentage of their profit. why doesn' at scare you? >> because bottom line, they have great more people are going to be purchasing. they have more product like the model x. elan just mentioned they will have a 3 series competitor. the more product they put out on the market more sales they will have, and more they areable to earn the valuation that they have. melissa: scott, i'm worried that the stock has jumped 74% sin may 8th. to me that kind of move, feels like a short squeeze. i meanhere were a lot of people out there that didn't expect them to have this kind a quarter a had shord the stock. look at the slope of that curve. isn't that what that looks like to you? >> it is completely unnatural. en stocks go parabolic you have to watch out. i think your point is well-taken. a short squeeze certainly seems to be in order here. so what will happen? people have to

tesla in talks with adding driverless technology vehicles, the maker of electric cards has not decided if they will develop a system using google technology or and we will see how tesla shares are doing after being at a record high year. stocks are higher with the dow and s&p 500 and nasdaq in the green and the silicon valley index is up. demand for pencils could be going down starting spring of 20 15, college exams will be digital with interactive portions including stimulated science laboratory. pencil and paper will still be provided if kid whose feel more comfortable with them. faster times through airport screening happening today in san francisco and 39 other airplanes and now lucky international travelers do not have to take out shoes or jackets or laptop on american or united. >> hooters is pug out the welcome map for moms on sunday with a free entre for $10, an effort to bring to more women, including upgrading the interiors, and bringing if more salads. good luck with that. >> maybe they could bring in firefighters to serve if the day. that will work. >> you should be their creative person. >> thank you, jane. >> now a check with l

nevertheless, i figure the shorts can battle tesla on the merits and still lose because of the tightness of supply, which is why i refuse to say whether i like it ortesla, the car. that generation is playing a stock game now and will soon be buying cars later and playing the stock game for real. maybe that's all tesla's long-term holders need to know. stick with cramer. with the new staples rewards program you get 5% back, on everything. everything. everything. everything. everything? [ all ] everything? everything. [ male announcer ] get free shipping and 5% back on everything your business needs. that was easy. [ male announcer ] get free shipping and 5% back [ male announcer ] the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ ♪ ♪ the new blackberry z10 with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.com/z10 i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead of "strength training with patric

or replaew o. >> electric car company, and tesla, says it has paid back a government loan nine years early.ased company received a $45 million loan in january 2010. strong first quarter profits and their profinear pert ratings from consumer reports sent the company's stock soaring. as a result, the company sold more than their share and its founders made a new $100 million investment. the company say that it used some of those proceeds to pay off the government loan this week. >> we will be right back. >> welcome back. the opening bell is now on wall street. we are expecting a sharp sell-off following a global sell-off overnight in japan. right now dial futures are down 132. we did have a better than expected jobs report. you could expect the numbers to drop. we will bring you the numbers throughout the morning. we will get insight from our financial adviser rob black coming up. >> there is a significant drop. we are seeing temperature readings of 37 degrees just north of napa. we do have several frost advisory. we do have patchy fog near the mid peninsula. plenty of sunshine will be in the

on poor health care and a lack of access to costly medical services as all she's a tesla cilia reports. in a new you or paris study it shows that fetal mortality brussels is at an alarming rate eleven point six per thousand babies die here now experts do say that one has to be wary of looking at the information presented in the study as brussels city is compared with other countries for example iceland that level is at a four point seven a portugal a four point eight a cyprus a four point two experts do also say that the infant mortality situation in brussels is a cause for concern it's an indicator of an increased poverty in some parts of the city on the poor neighborhoods in the migrant neighborhoods it's more than fifty percent unemployment and that in those neighborhoods of course the living conditions are very not very healthy and that shows also in these kind of figures now this is in addition to a recent o.e.c.d. report which looks at countries with increasing the child poverty and belgium is among them and we also spoke to doctors who says that the problem here of infant mortality has to do wit

red cross is taking donations at 1-800-red-cross, or text "red cross" to 90999 to make a $10 donation. tesla motors speeds up its plan to repay a government loan. the ceo says it may happen as early as today. the loan came from the department of energy and was extended to the electric car maker in june of 2009. it covered the cost of developing and building the company's model 's'. the repayment of more than $450 million will cover the balance due plus interest. a new twist in the irs scandal. lois lerner, an irs official in charge of requests for tax- exempt status, will reportedly take the fifth at today's congressional hearing. deputy treasury secretary neal wolin is set to testify. yesterday, tea party groups protested outside irs locations in several u.s. cities. protestors in chicago had this to say: "it's the abuse of power. they feel they have the power to do this to these groups, and people are not being treated equally." "they give liberal groups such a wide berth. they don't even care about the liberal groups like media matters that give money to political causes. they say they're

. >> is tesla the best-selling car if you do the math right or wrong? >>> taking a live look at a foggy start over the golden gate bridge. may gray makes way to comfy p.m. sun. temps tumble 15-20 degrees. we will take you through you the upcoming cooler changes where you live. >>> east bay gray. the eastshore freeway is showing a slower drive, very slow as we have a new crash around san pablo. we will show you the effects and the rest of the east bay slowdown coming up. ♪ [ male announcer ] a car that can actually see like a human using stereoscopic cameras ♪ and even stop itself if it has to. ♪ the technology may be hard to imagine... but why you would want it is not. the 2014 e-class, see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. a >>> you are watching 15 minutes of continuous news, weather and traffic. >>> another new problem threatening to delay the opening of the new span of the bay bridge. this time, the issue is at the base of bridge. once again, it involves steel that could crack. "toda

faster than a tesla going to 98 or whenever it's going these days. ion you know what i did?y head and apologized to you for ever recommending the darn stock and told you i was dead wrong and it isn't a good stock to own. get rid of it. well, i was right, at least. i got something right. after that, cee get kepting crushed and bottomed to $20 and change. so i've been burnt to a crisp before like a s'mores. however, the cree of today is very different than the cree of 2 1/2 years ago. these days, cree is much less levered or geared towards the display backlighting business which crushed the stock after i recommended it wrongly in 2010. and the company is a lot more exposured to general lighting, like the lightbulbs for the lamps in your house, where l.e.d.-based lights have become increasingly popular. i feel like i'm the shamwow guy here. wow, yeah, the chap slop, or whatever that thing is. when i originally recommended this -- and they're indestructible! when i originally recommended -- when i originally recommended the stock and got annihilated, cree didn't actually sell li

faster than tesla going to 98 or wherever it's going these days.utt a post-it on my head like confections of a street addict. i apologized for recommending the stock and told you i was dead wrong. it is a good stock to own, get rid of it. i was right, cree was up 20 bucks and changed. i have been burned before, burnt to a crisp like a smores. the cree today is very different from the cree of two-and-a-half years ago, which is is very reason they have been nearly able to triple. these days, cree is geared to the display back-lighting business, it crushed the stock after i recommended it wrongly in 2010. the company has a lot more exposure to general lighting. like the light bupings for the lamps in your house. led-based lights have become increasingly popular. i feel like i'm the sham-wow guy here. yeah, the chap swapper, whatever that thing is. when i originally recommended this, they're indestructible. what i originally recommended this stock and got annihilated, they didn't sell lights. in august of 2011, cree bought this company rude lighting. s

how much should we value tesla as a car company, low multiple, or a technology company. >> i think it should be valued as a technology company all the way down the lines. i think the. >> we got to leave it there. >> which one would you like to start with. >> the stock is soaring so much today. up 27%. what you really have is a situation where a deal with starbucks was announced at the right time. i say the deal trumped the actual fundamentals. what i say is what are they going to do next quarter. they talk. >> you can't say it wasn't a good quarter. >> perception is reality. >> in the stock market. you are so wrong. because in this case -- >> do you talk to your son like that? >> he doesn't like it when i do. the reality is, brian, is that the numbers tell a very different story than the sfok is telling you right now. >> they don't see any improvement. >> let's take a look at monster as well. >> that's the contrast in the story. >> monster, all you need to do is look at the sales growth. everything else, you look at the numbers and earnings, they popped all sorts of things. the earnin

where they were going to or coming from is unclear. >>> people who drive tesla cars will have more placesge up. they plan to expand their stations. right now there are six, including this one. but they plan to triple that number by the end of june. the new stations will be in california, along with several other states and also along the eastern seaboard. >>> time for thrill rides and cotton candy with the opening of the contra costa county fair. >> this year's theme is squeals, deals and animals. a celebration. trailer races and new this year, a roller derby. you will find the traditional rides, life stock shows, music and a monkey show. >> just going to be a great, wonderful county fair. >> the fair is great, great for families. >> listen to this, tonight you can get in for free if you bring threes threes can of food. the fair runs through this sunday. >>> back now a the breaking news we reported about that wildfire burning in southern california. our chief meteorologist bill martin told us weather is a factor but terrain is a big deal. >> humidity is 30%, winds gusting 30 miles per hou

so tesla generating $830 million, or at least that's what it expects to generate we selling an additionalres and elon musk putting $100 million of his own money back into the company, buying new shares. guys, back to you. >> i love that. 3.5%, although coming off a little bit now. phil, thanks very much for that, a little bit of an outperformer, as well as a take two shares. a video game research organization may be forecasting a drop in video game sales, but with some big titles still to come, including bill's favorite, the latest "grand theft auto," predictions of gaming's demise may be premature. take two is already taking preorders for the fifth edition of "grand theft." >> that stock is up nearly 50% this year alone, as the company is riding the success of another title, "bioshock infinite," and can expansion into mobile gaming as well. oh, by the way, joining us in an cnbc exclusive is strauss zelnick. welcome back. >> nice to be here. >> we buried the lead. that move into mobile, that's the trend that a lot of companies are taking advantage of and benefiting from. >> it's early to

david: tesla motors on a tear for the past month skyrocketing up straight towards $100 per share after him and wishing in the 40s oreveral years. also finding no shortage of buyers for the bonds. so why is tesla doing so well while most other electric car companies have been going bust? is wall street a little too rosy right now? infatuation. folks, good to see you both. does tesla deserve all the praise and the high price of the stock right now? >> i think they produce a really cool car. these chips are very edgy and really cutting edge for consumers. if you want to make a political statement it is a great car, but as far as the stock, that is a whole another animal. the total sales this year only 4750 vehicles and you look at the other manufacturers in that category, if you compare, it is not that big of a deal but we overinflated it and gave it a lot of push. david: we are all happy to have a profit of $11 million, it was $11 million, $68 million of the money coming in as you know where these carbon credits from california, so you take out the carbon credit and my question to you is can the business model surviv

the bill leaves tesla with two options now, stay out of the state entirely or go through an auto dealerall other automatic dough maaut automakers have to. north carolina is not the only state. massachusetts and new york have gone to court. >>> it's interesting. scott mcgrew tells us, they're not going to sell any cars in virginia either. >> yeah, virginia said pretty much the same thing to tesla. that didn't even get as far as the state house. the head. dmv said december tesla would bg laws by not going through the are dealers. car dealers in virginia and north carolina are important people in the community, and they vote and they contribute money to local politicians. tesla is from california. >>> back here at home, google launches its annual developers conference this morning in san francisco. google i.o., that's input/output, in case you were wondering. among the revelations a paid music service similar to spotify. google ceo gary page talking about his inability to speak. page was out sick for some time in 2012. his vow was considerably weakened when he came back. take a listen. >>

liz: i think he's got to fix the tesla bart first which konks out after 50 miles or-- >> he's going to be pissed that you said that. after 60 miles. liz: a half hour, the range of it. that's why he needs more tech for your money. charles: and let's-- you know, remind that tesla did get a chunk of u.s. money and the stock went higher after that happened and there's no doubt that he's been able to play the system and get both sides of it. to your original point on the earth coming to an end, i always say that's not one thing you want to tout, you can't take a victory lap. if you're right, too bad, so what. liz: none of us get out of this life alive. enjoy the ride while we're here and be a good person. charles: i hear you, great words. let's get back to the economy on this planet. we want to bring in gerard. and we got the gdp numbers and the joble lesless claims and it to be more of the same and the economy bumping along. i've got to hit that you're somewhat optimistic? >> i guess i'm not so optimistic that things are going to change a lot going forward, that we're suddenly going to see

or bad for the economy? >> in a recession, it's good. the government can make jobs. tesla, which was just -- manufacturing jobs made with government loans for green energy. is tat a good use of taxpayer money? probably not. in fact, with the stock market at all-time high, i don't think it's the time to launch new stimulus programs. it's something you do in a crisis and save the next round of stimulus spending for such an event. >> brend toby, john did make a good point about we've got stimulus going right now with the fed printing money. >> yeah. it's interesting the president, who i think does feel he's smarter than a lot of people can never get his arm around the idea that these plans he's doing will make nothing in terms of job creation. yet, the big stuff that could create job creation, they're going to go after. so maybe if this just keeps him sort of quiet and happy and he can start new centers of innovation, because i know everything big that happened in the united states came from a center of innovation. >> brenda: go ahead. >> if i might add, we already learned fr

or the perfect short squeeze? i don't know about you guys, but i can't hear him -- >> i can't, either. i know mike's take on tesla here and i'm not going with him, here. he and i debated this one about a month ago on the show. i mean, to me, your question was, have that orchestrated a great car company or a great short squeeze. i think he's doing a little bit of both. in a lot of ways, the company the stock broke out at $40 on april 1st when they announced they were going to have their first profitability quarter ever. since then, they demonstrated, you know, their units on car sales sold -- this is a mania right now. they are doing everything right and it doesn't really matter. the stock's going higher. the top ten holders of this thing own 75% of the float, okay? like you just said. >> 40% -- >> fidelity, morgan stanley, caps, they are the top five. >> and 40% of the shares outstanding are short. so, what this has created is a hyper situation for short squeezes, so, this week, they raised $1 billion through a secondary, and a convert, and there wasn't enough. they upsized the deal and investors, they priced the

the company put as cap of incentives of about 50 or 60,000 units of the after that those federal tax credits go away regardless and teslaon line to build that many cars in the next two years. so it's not really incentivized, it is not subsidized by the government. and then, the other thing is that, i'm sorry, what was your question again? melissa: well, it is okay. is it just too expensive. i know he will come out with a cheaper one later. >> right. melissa: i guess the better question is it that much better than other electric cars out there? you are the expert, you follow the field. you drive the cars. is it that much better? >> that's a good point because i would caution extending the success of the tesla to other electric vehicles. you know, this is an extraordinary car built in a disruptive way and sold disruptively by the way. melissa: right. >> and --. melissa: they don't have dealers. they sell directly to the consumer f it goes to a dealership it is unfair. >> exactly. it is a big kerfuffle with the dealers, state franchise car dealers do not like this idea at all. so anyway, so, they have, the price is going t

it is right on time, the opening bell in new york, we are keeping an eye on tesla and it looks like it is going to trade up 9 or a share and we will have all of the business news coming up. >>> we will smile and say good morning to you thursday, may 16th,th, i am dave clark. >>> we are continuing to follow developing news out of san jose first brought to you 440 this morning and right now police are investigating the death of a man brutally beaten with a machete. here is more on where the man was found and it is now affecting business, janeane? >> reporter: that's right, police have been here for the past five hours and they are focused on the side to the right of jack in the box and smell. in a dumpster area, it is normally open 24 hours but it is closed for this investigation and police are working on getting any surveillance video to see if they caught any evidence on tape. they called 911 after finding a man severely beaten up in the 400 block of blossom hill. he was unconscious and laying on the ground between pay less and jack in the box. sources say it appears he may have ban tacked with a machete and a

wonder whether or not we are starting to see the auto or manufacturing sector as a whole pull back. and real quick we have got breaking news. teslat to hold a conference call. the news here being remember when they announced their financing offer just a few weeks ago? they said we're going to guarantee that the resale value of the model s if you go through the financing will be equal to a mercedes s class? now they're upping the ante saying the value of the model s when you return it is going to be better than mercedes, audi, bmw, guaranteeing that it will be above the resale value of the our names. >> thank you very much and bring us up to date as you see fit. >> and a former special assistant, men, welcome. let's jump to phil lebeau's story about the job's story in manufacturing. today the jobless rate fell to a four-year low . >> we are around 58.6 or 58.7%. american adults who have been out of the work force. it's due to the fact that. >> that is the number of unemployment claims and that number was at its lowest level in five years. number two, you have had sustained job creation now for several years. and the average number

take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ >>> elan musk, founder of teslaed of being too far ahead of his time. last week, musk was proven guilty, given a 12-year, $465 million loan. in 2010, musk got a little bit ahead of himself last week, and repaid the loan, every last penny, nine years early. rewriting the future of electric cars in the process. now some republicans are struggling to figure out how the big, bad government could have possibly guessed right on a clean energy program. tesla's loan wasn't supposed to be repaid until marco rubio was halfway through his second term as president. but it turns out that if you give a bunch of intelligent innovators the seed money to conduct innovative research, the innovators will sometimes successfully innovate. for nearly a decade now, elan musk has been the golden boy of energy-efficient engineering, driving change across the industry as conventional automakers find themselves forced to keep up with that annoying pest called progress. tesla's new model-s car introduced this year has set new standards for mas

the bill leaves tesla with two options stay out of the state entirely or go through an auto dealer like all other automakers have to do. states like massachusetts and new york are going to court to try to block the company from showrooms. >>> $200 billion in deficit just vanished. and scott la cruz said politicians and committees had nothing to do with it. >> good morning. all of that fighting over the sequester, spending cuts and we cut the deficit by rethinking the math. the congressional budget office which is nonpartisan said the deficit will fall by $200 billion thanks in part to a growing economy and recent tax hikes. the new estimates give washington much more breathing room pushing fights like the debt ceiling off for months. washington still spends far more than it has. and in hot for the past year to the tune of trillions but for some, this is more evidence of a recovering economy and not spending cut which is may be best for america. >>> the european economy meanwhile in trouble. france says it's fallen back in recession. germany barely posted growth for the quarter. so when

use an alternate this morning like the golden gate bridge or the san mateo bridge instead. >> tesla motorstself at the center of investor enthusiasm and some controversy. its stock is now over $110 a share. that is even though it sold less than 5000 cars in the first quarter. while luxury vehicles are too expensive for many drivers, tesla's of billionaire founder promises that will change. >> this car at a future mate jaws drop in the 1980 film back to the future. today be all electric tassel roads there is being talked about. that meant that are performed better than at any perform any car we've ever tested. >> positive press has led a fire under the stock. it debuted in 2010 and is up over 200% so far this year. billionaire ceo is setting his sights high. >> i hope we will get bigger them furry and hopefully beggared then porsche. >> his decision to sell directly to consumers are the internet or at places like the mall. >> car companies like tough love and festered making electric battery cars, this is not research mr. president this is the government investing in companies. >> ywest den

or keep you honest? >> you can't always zip through. >> you can't get a big head. >> too late for me. >> tesla ready to report after the bell. >> so among people are going to be looking for, we will get to that they want to be at 25% by the end of this year. what's happened with model s cancellations this water? that will tell us a lot about what we can expect. what i'm looking for is what happens with the stock after tesla reports. shares out there. available ones. tesla does better than expected, we could see some of that pushing the stock going higher. >> want to give you a little bit of a list. tucker amc. will tesla ultimately join that list? >> if tesla succeeds, they will do something that has not happened since december 1924. no one has succeeded. i would say tesla has come a lot further than most of us expected it could. as with the auto industry, the proof is always in making a good car. startled and shocked at the fact that it is a good, comfortable high performing car, unlike some of the other start-ups, whose products had a variety of flaws. there is a lot left between their first profitable quarter and becoming a viable ca

or more. so, this is really a tough environment for any kind of short-receiving, especially something like a teslare. solar city green mountain coffee netflix, as well as first solar. netflix is an interesting one. that is a karl eye carl icahn name. >> netflix is in a different category though. it has something to it. the others have global growth that are just hitting them in the face. if you are not buying on fundamentals, you shouldn't chase it to buy it on covers. you have to have a story. >> would you buy any of the other high short interest names? >> i love the solar space long-term. this isn't the best entry. but i do like first solar. >> okay. let's get to the final trade. it is that time. your first move. dan? >> stay tuned for "options action" we're going to lay out a bearish trade. >> steve? >> call come. got long today. >> ennis? >> jcpenney. >> josh brown? >> buying ieo for oil names. >> all right, thank you so much for watching. catch more "fast money" on monday at 5:00. you can follow me on twitter. meantime, don't go anywhere because "options action" begins right after this break.

thing hotter than brenda's outfit today is tesla automobile, electric vehicle up 50% over the next year. >> it will be the toby show next week. jonas, bull or bear? >> i want the expensive car. >> the 80% are good clients for lazy boy, up 20% this a year. >> there he goes. toby, bull or bear? >> the only thing lazy here is you and that bone head prediction. >> you know who is not lazy? the hardest working man on tv, neil cavuto, up next >>> cuts of this size made this quickly, lose jobs, slow the growth of our economy. >> sequestration, which has already kicked in, will get worse. >> there is only one way to truly fix the sequester, by replacing it before it causes further damage. >> so much for the further down. so much for any damage. glad to have you. i'm neil cavuto. the economy apparently laughing in the face of all that sequestration devastation. those $85 million in automatic spending cuts, not cutting into the job market. not by a long shot. the government reporting 165,000 jobs are added in april. get this, the two prior months were revised to show 100,000 more americans

or seven people, two kids in the back. >> consumer reports stopped short of giving the car a perfect store. reviews will give a boost but tesla's $90,000 price tag makes it a bit impractical. >> do you have the right to know who is posting negative comments about you on yelp? one virginia carpet cleaner says yes, yelp saying no way. reviewers gave the company bad ratings they think it's the competition ai. judge ruled yelp has to identify the reviewers. yelp saying this violates rights of users and so far are refusing to cooperate with courts. budget airlines topped the list foremost seats available on domestic flights if using awards. southwest is at the top with a perfect store of 100% meaning there is a seat available for everyone, every time. air tran wasn't far behind. you may remember they're owned by southwest. third up is jet blue. about 87% of the time. make sure you look at which airline you fly with. >> we're going run. the chief executive officer of the team about to talk to media about the tragic drowning. >> this is beginning now. >> our thoughts and prayers are with andrew simpson's family, his wife and kids and

tesla store. that's mainstream, i heard. >> you just say, we're never going to move on. >> the market doesn't care about good and bad. it cares about better orthe expectations are almost nil and could have a huge, upside move if they get in order. i'm not saying they can. that's what i would be most concerned with. i'd rather be long than short. >> tell us who you think won the debate. tweet us, i'll give you the results at the end of the show. today, the real price of college debt. new data showing another spike in outstanding student loans and that's just the tip of the iceberg. what's the impact on the overall economy? next up on the half, not so fast. steven weiss, it's your turn in the hot seat, my friend. and you're going to show us how to manage a losing short on a big box retailer. and we're waiting -- which one could that be? and we're waiting for the president to address reporters in the rose garden. we're expegting him shortly to address the irs controversy. when that happens, we're going to take you live right there to the white house. but we can still help you see your big picture. with the fidelity guided portfolio summary, you